The Portland daily press., 1887-01-29

| where; an interrogatory for statement q
| debts, secured or unsecured. owing by hin
| of which he claims a deduction, with tn
name and residence Of each person to whom
| each such debt is owing, and the amount o
each debt; and for a statement by each tax
| payer who may claim'a deduction on accoun
| of debts owing by him, of the amout of Uni
| ted States government bonds owned by him
and an interrogatory for statement by eacl
such taxpayer of the amount of other stock
and bonds exempt from taxation by the law
| OF this State owned by him.
included IN the inventory is also a form O.
| oath to which the person questioned mus
| subscribe and swear to. The blank forms O.
the inventory. are to be sent by the tow
| clerk to every taxpayer, whether resident OF
nonresident, and every person who does moi
! receive one in proper time must send for one
| In case of a corporation, the inventory mus
be filed out and sworn to by the president
When the blanks are returned to the assess
ors, they shall appraise the property, shay
ing regard TO the current value of such pro.
perty, and the sales thereof in the locality
where 1t is situated. The assessors may ap.
praise debts due from insolyent debtors al
the valuation placed upon them by the tax
payer, or may examine. the taxpayer under
oath as to the value of such debts and NAV
appraise them as they deem just.
The assessors shall deduct from the ap-
praised value of the personal estate sum
equal to the excess, If any, of debts, secured
and unsecured, owing by such taxpayer,
over the aggregate amount of his United
States government bonds, ana other stocks
and bonds exempt from taxation by the laws
of this State, and the amount of his deposits
In savings banks savings institutions and
trust companies in this State and elsewhere.
If taxpayer duly filling out, swearing to
and returning an inventory to the assessors
OF the town in which he resides, is taxable
for any personal property in any other town
IN this State, and claims deduction on ac-
count Of debts owing, the assessors of the
town OF his residence shall ascertain the
amount OF the deduction to which he is en-
titled, and shall first Offset such deduction
against the appraised value Of the personal
estate of such Taxpayers in the town of his
residence; and If the amount of such deduc-
tion is In excess of such value, the assessors
shall, at the request of such taxpayer, certi-
~ the amount OF such excess to the assessors
OF such other town .as the taxpayers may
designate; and the assessors in such other
town shall deduct any amount so certified to
them from the amount of the appraisal of
such taxpayers personal estate in such
town, if he has duly filed out, sworn to and
returned an inventory to the assessors of
such town"
For cases where fraud is undertaken on
the part OF the taxpayer, the provisions of
this bill are stringent. "The assessors" so
1t reads, shall ascertain as best they can, the
amount of the taxable property of such per-
son. shall appraisc the same at its value in
money, and shall double the amount so OBJ
talned. And ii the amount obtained by
doubling Is, in the opinion of the assessors,
less than the taxable property of such per-
son, they shall further assess such person
Tor sum, which will, in their Judgment
make up such amount And if no taxable
property of such person is ascertainable by
the assessors, they shall assess such person
for sum which, in their judgment, is the
true value OF all the taxable property owned
BY such person. And the amount so OBJ
tanned by doubling or by such assessment
shall be the amount for which such person
shall be assessed. "This, however. is not TO
apply to nonresident owners of real estate"
Any person who thinks himself aggrieved
by these assessments may have hearing be-
fore the assessors, or if that is unsatisfacto-
ry, he may appeal for relief to the county
commissioners.
The provisions of this act are not intended
to apply to deposits in savings banks, saw
ings institutions and trust companies other
wise taxed by the laws of this State; nor to
corporations the amount or rate of whose
tax is fixed by general law nor to such as
SeSSment OF taxes as is authorized to be made
by the Governor and Council or Treasurer of
State; nor to assessment of taxes in places
not Incorporated If passed the act would
take effect January 1st, 1888.
Railroad Legislation.
Railroad legislation is beginning to attract
considerable !attention. New companies
are coming for charters, and old ones
for additional privileges. This forenoon
two bills of great interest to Portland people
were presented. One of them is to incorpo-
rate a company for grand union depot for
Ill the railroads running into Portland This
dill, which Mr.. Dow introduced, contem-
plates a corporation of which Arthur Sewall,
a 4 npd snl~o
!. Davis, Darius Alden, John Ware, Amos
Paul. Nathaniel j. Bradlee, and Horatio N.
lose, their successors and assigns, are the
ncorporators, under the style of the Port
ard Union Railway Station company" The
lill would authorize them to build a Union
Railway Station in Portland. with the ap-
'roaches and other appurtenances of union
railway stations. For these purposes 1T is
to lease, purchase or otherwise
'btain the right to occupy as much as may be
therefor OF the, tracks and road
oed OF any company, with the consent of |
hat company. Amy railroad corporation |
which has entered, or hereafter may enter, |
he city of Portland" continues the bill, |
may, with the consent Of said corporation, |
lave the common use of said Union Station |
md its incidents and appurtenances." subject |
to the rules and regulations, and on such |
erms as the railways concerned may agree |
p0n; and any such railroad company is |
lereby authorized to purchase or take a suit
bic right OF wa. from any point on its line
within the city of Portland Tor the town of |
)eering, to said station, for the purposes and |
n the manner provided by law, but subject |
ls0 60 all provision of law in relation to the |
arbor of Portland, and to the consent Of the
Soard of Mayor and Aldermen The bill |
the city of Portland to discontinue
IS streets or highways, or change their loca-
ion, to accommodate the depot. The capital
took of the corporation is limited to $4,000.
t may also issue bonds or script, securing
he same by a mortgage. One section of the
i'll would allow the depot company at any
ime to lease its property and franchises to
ny one Of the railroad companies entering
'ortland.
Still another bill of interest to Portland
'as introduced this morning by Mr.. j. III.
Ianley, by request. 1t provides for a con-
olidation of the Boston and Maine and
IT, The Boston and Maine railroad is authorized
acquire by purchase the road, franchise and
bperty of The Eastern railroad company and, |
er such acquisition and purchase, may also
bertes Of any railroad corporations whose
+ Is are operated either by i or by said Eastern
aoad company under lease, contract or
Ugh ownership of stock 1.-THE purchases here
I Ahorized and each of them shall be made
= III terms and conditions as may be agreed to
nnf/Tespectiye boards of directors of the pur-
cle4s and selling corporations and as shall be
apGsd by the votes of a majority in the in
tt;ea'S the stockholders of each of said corpora
@ tloh meetings called for the purpose. For the
phua ph Of facilitating and effectng the pur-
chG c,l the roads, franchises, and properties of
We sne SratlonS herein authorized to be pur-
cnas Msi1 4 any of them, the said Boston and
MALL id lr0ad may purchase the stock and
ts. ly part thereof of any of said corpora
eons; IONS; Nfrom time to time increase its own
capita TX to such amount as may be agreed
upon upon "a VI and the selling corporation, and as
ian. snali ~ Nroved by the board of railroad com
mlsSloiA vnay make such portion of its capital
S. S.oSA. ldy existing OF as increased
unaeI n authority Of this act, as the
corpoiIaatl Wy decide, preferred stock entitled
10 ulVluet non such terms Of entire or partial
preference Nthe corporation may determine;
may cndlls stock bonds or notes for the stock,
oohaS, prON rights and franchises and in pay
meht Oh !nN >lites of any of said purchased
coIpor&lloh may guarantee the payment of
tne Donds " of said corporations, whose
roads, prOpe sand franchises it is authorized
TO purchase, Ser said bonds be already issued
anu outstandc 4 be thereafter issued to refund
existing noet ~ess. After the purchases here
IN autnorlZed,, ~ of them, said Boston and
Maine railroad 81 have and enjoy all the rights,
prvleges,l s,lIaancl1s a and property heretolorelhad
anu ehloyeu w tnOrp0rati0n whose road, fran
chses ana propeiy has purchased, and shall be
suDJect 10 lts autlelebts and liabilities.
. section 2. MheIaer any of the purchases au-
tnorlzed Dy lnls actall be effected copies of the
acts OF lne respscli corporations asserting TO
the same ana ceTtd by the clerks OF said
respective corperati39 shall be filed in the Office
OF tne secretary OF tncommonwealth and also
Win tne D0aru oi rdlli commissioners.
Section 3. This act mi take effect upon its
passage.
A railload matter er whifh the neonle of
bangoL are consluersy exercised, relates
10 the llttle Monson rSoad, six miles long,
the Bangor and PiscatSis railroad at Mon